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What is a business credit facility?
For a small business, easy access to working capital can mean the difference between a good trading month and a bad one. Lulalend’s business credit facility gives you the peace of mind of knowing you can immediately access business funding when you need it most.
With our credit facility, you have instant access to a line of revolving credit, without needing to reapply. Lulalend’s secure and paperless online application process takes only minutes. You can access up to R1,5 million in unsecured, unrestricted business funding. And because your business is important to us, your account is managed by a dedicated funding specialist.
How does the credit facility work?
You access your business line of credit when you need it, rather than reapplying for new business finance each time. No more unnecessary paperwork when you need extra funding; simply log in to your Lulalend profile and access funds at the click of a mouse. Here’s why more business owners are using Lulalend’s credit facility to grow:
- You only pay for what you use.
- There are no monthly account fees.
- Settle whenever you want, pay no early repayment penalties.
And because the facility works like revolving credit, the capital amount becomes available again after every repayment.
You must have been in business for at least one year and make a minimum annual revenue of R500 000. Join thousands of SMEs across South Africa. Get a free quote today.